It’s a difficult choice between repaying your debt and saving for your future retirement. Which one do you choose to get the maximum benefit and results? If you have a debt and also want to…
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What Is The Acid Test Ratio or Quick Ratio?
The Acid Test Ratio, also known as the quick ratio or liquid ratio, is a financial metric that assesses a company’s short-term liquidity and ability to meet its immediate liabilities without relying on the sale…
Claim Denied by Health Insurance? Try These Strategies
Do you have medical bills your insurance company doesn’t want to pay? You have several options as you explore different ways to pay the bills. If your insurance company won’t pay the bill, consider these…
Is Advanced Accounting Training Right For You?
Are you satisfied with your career right now? Don’t you wish to move upwards or be promoted? One way to develop your accounting career is by training in an advanced accounting career. You can even…
FSA, HSA, HRA, and MSA: Understanding Medical Expense Accounts
Medical expense accounts offer a tax-advantaged means to save and pay for medical expenses not commonly covered by health insurance. The four types of accounts are: Flexible Spending Arrangements (FSAs) Health Savings Accounts (HSAs) Health…
What Is Financial Window Dressing?
Financial “window dressing” refers to a company’s manipulation of financial statements or accounting records to present a more favorable picture of its financial health and performance than is actually the case. The term is often…
Life Insurance Fraud – What You Need To Know
You’re probably familiar with the concept of insurance fraud since it has been around for a long time. The earliest recorded instance involves a merchant intentionally sinking his ship in 300 B.C.! The merchant drowned…
What Is Forensic Accounting?
Forensic accounting is a specialized field investigating financial discrepancies and providing evidence suitable for legal proceedings. Forensic accountants are tasked with examining and analyzing financial records to uncover fraud, embezzlement, or other financial misconduct. Their…
Easy Ways To Inventory Your Possessions For Insurance
Insurance companies can require you to provide an inventory of lost, stolen, or damaged items before paying for a claim. If you don’t have an accurate inventory, it could reduce the amount of money the…
Accounting Software For Small Businesses
If you think starting your own business is easy, you’re wrong. Aside from developing suitable products and services, you still need to sell them to the market. One of the essential factors in running a…